Game Changers Texfab IPO day 1: Check live subscription status, price band, lot size, key dates and more

Game Changers Texfab IPO: The initial public offering of Game Changers Texfab, which is involved in sourcing fabrics and garments, opened for subscription on Tuesday, October 28. The BSE SME issue, with a price band of ₹96 to ₹102 per share, will conclude on October 30.

The ₹54.84 crore initial share sale is only a fresh issuance of 53,76,000 shares. There is no offer for sale (OFS) component.

The net proceeds from the issue will be utilised for working capital requirements, capital expenditure needs and general corporate purposes and unidentified inorganic acquisitions.

"Our company believes that listing will enhance our company’s corporate image, brand name and create a public market for its equity shares in India besides unlocking the value of our company… It will also provide liquidity to the existing shareholders," the firm said in its red herring prospectus (RHP).

Game Changers Texfab IPO day 1: Subscription status

Game Changers Texfab IPO: Lot size

A lot consists of 1,200 shares. The minimum investment for an individual investor is two lots or 2,400 shares. Half of the net issue has been set aside for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs) and 15% for non-institutional investors.

Game Changers Texfab IPO timeline

Corpwis Advisors Pvt Ltd is the issue's book-running lead manager, while Skyline Financial Services Pvt Ltd is the registrar.

The company's shares will be listed on the SME platform of the BSE.

About the company

Game Changers Texfab is engaged in sourcing the finest fabric material as per customer specifications. It is into ‘Sourcing of Fabrics’, which refers to selecting and procuring raw materials for textile production, including identifying suppliers, negotiating prices, and ensuring the quality of the fabrics. It operates two brands – 'TradeUNO' and 'Fall in Love'.

Game Changers Texfab IPO GMP